Khushboo Singh, 28, Delhi
Audio visual content producer at an
event and advertising firmLife stage: Single and interested in
independent filmmaking. Plans to
invest in and own production house;
produce independent films on nature
and wildlife; invest in animation
equipments, etc.Dilshad Billimoria’s advice
for Khushboo Singh:
Since you are single and
working, make sure to increase
your savings component on
a monthly basis. Ensure
that an emergency corpus
is built to help tide over any
unforeseen situation.an audio visual content producer at
an event and advertising company
based in Gurgaon, hopes to make
it as an entrepreneur. To fund her
dream project, which is to own
her own production house for
independent filmmaking, she has
been putting away a chunk of her
salary in savings for the past few
years. She says, “I have been very
disciplined financially, as I wanted
to work towards owning my own
production house. Now, apart from
savings, I am looking to build wealth
through my investments.”
However, Singh admits that she
is a gadget fanatic and does not hold
back when tempted by the latest
iPhone or Bose Solo soundbar. “I
own both credit and debit cards but
I only use my credit card for gadget
purchases and the rest is on my debit
card. This helps me keep a check on
my spending,” she says.
Rasal warns millennials against
the pitfalls of getting into a spiralFinancial planner Dilshad
Billimoria is of the opinion that the
woman of the household is more
cautious compared to the man and
proposes the need for savings. She
says, “Women contribute better
to budget planning as they have
taken care of the household, usually
sacrificing their today for tomorrow.”
She feels the women of today are
financially more savvy, ask the
right questions, and work towards
securing their futures.
The modern working woman
shoulders as much responsibility as
her male counterpart, whether it’s
funding a dream project or taking
care of family. Khushboo Singh, 28,to save for my daughter’s education
along with my husband,” she says.
Unlike previous generations,
women today are becoming
increasingly aware of the need for
financial security. Hence, both
married, as well as, single women are
keen on having their own income.
For young working mothers like
Waseem, having a double-income
home affords them more freedom
in planning the family’s finances.
“Raising a child is no cakewalk;
it can be rather a strain on your
finances if not planned well. We
were fortunate to have saved enough
before Sakina came into our lives,”
Waseem says.
Photo: Gireesh Gv
Special
48 Outlook Money March 2018 http://www.outlookmoney.com